Current NHL Stanley Cup Odds: Favorites & Contenders

By Editorial Staff
Fact Checked by Peter Mooney

The most exciting time of the NHL season is set to start soon. Here’s all you need to know about Stanley cup odds this season. 

Stanley Cup Odds: Latest Updates

The odds for the Stanley Cup Playoffs are changing all the time. If you want to know what the latest odds are saying, you’re in the right place.

What are the current Stanley Cup odds?

Check out the odds table below for the latest odds for every NHL team to win the Stanley Cup this year. 

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Who is favored to win the 2025 Stanley Cup?

Right now, the Edmonton Oilers are favoured to take the Stanley Cup home this year. There are a lot of reasons why this makes sense. Leon Draisaitl and Connor McDavid are both top points leaders, the only two players from the same team in the top five. Overall, the Oilers currently sit near the top of the league in wins. Many expect this strong performance to continue through the spring. 

Stanley Cup News

  • 📅 Stanley Cup odds in February have the Edmonton Oilers as favorites to win at +600.
  • 📅 The USA kicks Canada from the finals of the 4 Nations faceoff, despite a favoured Canadian team. 
  • 📅 Top Colorado Avalanche defenseman Cale Makar misses key 4 Nations game due to illness. 
  • 📅 Jets star goalie Connor Hellebuyck named starting goaltender for US 4 Nations team. 

Stanley Cup Favourites

There’s a lot that goes into picking Stanley Cup favourites. Sports betting odds, player performance, team synergy, injuries and coaching are all integral factors. Let’s  take a closer look at some of the favourites from each conference:
 

Western Conference Favourites

Edmonton Oilers

The Oilers have a famed history in the league, and currently sit in a good position to take another Stanley Cup this season. Strong defense paired with some serious offensive point-scorers make for an intimidating combination for any team they up against. 

Dallas Stars

The Stars have had an incredible season this year, currently sitting among the top teams in the league. They might not have the top celebrities in the league, but that doesn’t mean they should be discounted. Goalie Jake Oettinger, in particular, plays a reliable game to shut down their opponents. 

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Eastern Conference Favorites

Carolina Hurricanes

The Carolina Hurricanes take the second spot for Stanley Cup Winner favourite at the moment. The acquisition of forward standout Mikko Rantanen is an important consideration, especially after his game-winning goal for Finland against Sweden in the 4 Nations Face Off. 

Florida Panthers

The Panthers have been a formidable force throughout the season. After winning their first Stanley Cup last year, the team has proven its strength, and is hungry for another championship victory. Sam Reinhart leads the charge being among the top goal-scorers in the league this year. 

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Stanley Cup Contenders

While they might not be the current favourites, these teams still have a good chance at contending for Stanley Cup Champion title. Many of the same factors for assessing contenders apply. 
 

Western Conference Stanley Cup Contenders

Winnipeg Jets

The Winnipeg Jets are not to be underestimated this year, especially with Mark Scheifele being a top goal-scorer in the league.

Vegas Golden Knights

The Golden Knights took home their first Stanley Cup at the end of the 2023 season. Still boasting a strong lineup, they stand a fair chance at the title two years later. 
 

Eastern Conference Stanley Cup Contenders

Toronto Maple Leafs

Maple Leafs fans had a disappointing end to the season last year when the Boston Bruins eliminated the Leafs. Whether or not they have what it takes to make it all the way this year is to be seen.

New Jersey Devils

Backed by one of the strongest goalies in the league, Jacob Markstrom, the Devils are set to make good competition this Stanley Cup Playoffs. 
 

NHL Stanley Cup Longshots

Key your eye on these teams. There’s still time before the Stanely Cup kicks off, and while they might not be at the top of the list for teams expected to win, hockey is a dynamic sport. These longshots very well might come out on top. 

Western Conference Stanley Cup Longshots

LA Kings

Though not as high as the previously mentioned teams, the LA Kings shouldn’t be overlooked. Defenseman Drew Doughty has had a standout performance recently, especially in the 4 Nations Face-Off.

Minnesota Wild

The Wild has been making changes to its roster as of late, with aims to further strengthen the team. Fans will be interested to see how this will play out later in the season. 
 

Eastern Conference Stanley Cup Longshots

Tampa Bay Lightning

With Nikita Kucherov, Brayden Point and Ryan Mcdonagh on the offence, the Lightning are certainly a force. Whether the rest of the team has what it takes to take the Cup home is the real question.

New York Rangers

The Rangers season has had some ups and downs, but the team still has their eyes on the prize. Offensive star Artemi Panarin could very well lead his team to victory.

Stanley Cup Odds: Betting Strategies

There are a number of fun ways to bet on the Stanley Cup this year. Different bet types offer bettors ways to focus on different aspects of the game. In this section, we’ll go through all the various bet types so you know what to expect. 

Stanley Cup Futures Bets

While most bets entail betting on events right around the corner, future bets focus on events way down the line. Futures are most popular for major sporting events, like the Stanley Cup final. If you’re interested in betting futures for the Stanely Cup Playoffs, you should get to it sooner rather than later. 

Stanley Cup Moneyline Bets

Moneyline bets are about as simple a bet as you can get. This bet type looks at who will be the outright winner of a match. Choose correctly, and you’ll have yourself a successful bet. 

Stanley Cup Point Spread Bets

You can think of point spreads as more complicated versions of moneylines. In addition to considering which team will win, bettors must decide on the margin of victory for the winning team, which is the spread. 

Stanley Cup Totals Bets

Totals, also known as over/unders, ask bettors to decide whether the total score of the game will be more or less than a number proposed by the sportsbook. Guess correctly, and your bet wins. 

Stanley Cup Player Props

Player props are a fun way to bet on the Stanley Cup without having to think about which team will win the game. Instead, these bets are all about player performance, whether it’s goals scored or penalties. 

Stanley Cup MVP Odds

Betting on the Stanley Cup MVP allows bettors to wager on who they think will be the most valuable player for the tournament. While star players might seem like an obvious pick, long-shots could earn you more winnings if you choose correctly. 

Live Betting Odds For The Stanley Cup

Live betting is an exciting way to wager in real-time. Most bets must be placed before the start of a match, and are finalized once the game is finished. Live betting gives bettors the flexibility to bet at any time while taking into account dynamic odds that change throughout the game. 
 

NHL Futures Betting

The Stanley Cup are a key focus of NHL futures betting. There are a few particular NHL futures that are particularly popular: 

Outright Winner

If you’re confident in which team will take home the Stanley Cup this season, you can check out betting on the outright winner.  Keep in mind, this bet requires a lot of long-term foresight, as team performance, injuries, and trades can all impact the outcome.

Winner of Each Conference

Betting on conference winners is a fun way to diversify your betting and focus on which teams will make it to the Stanley Cup Finals. It allows you to back a strong contender without needing them to win it all, making it a less risky but still rewarding futures bet.

Winner of Each Division

At an even smaller scale, NHL bettors can wager on which teams will finish on top of their divisions by the end of the regular season. While this is not directly a Stanley Cup Playoffs bet, it could inform your other Stanley Cup bets if you believe certain teams will perform particularly well. 

Which teams will meet in the Stanley Cup

Which two teams will make the Stanley Cup Final is the question one of the main questions on everyone’s minds throughout the NHL season. If you have a dream matchup that you think has a good chance of making it, you can use this kind of future bet to put your instincts to the test. 

Stanley Cup Trends

  • There has not been a dominant conference this century. Since 2000, Western Conference teams have won the Cup 12 times and Eastern Conference teams have won 11 times.
  • Since 2000, the Tampa Bay Lightning, Pittsburgh Penguins and Chicago Blackhawks have each won three Cups. The Colorado Avalanche, Detroit Red Wings, New Jersey Devils and Los Angeles Kings have won two Cups and the Carolina Hurricanes, Anaheim Ducks, Boston Bruins, Washington Capitals, St. Louis Blues and Las Vegas Golden Knights have won one Cup apiece this century.
  • Over the past 12 seasons, four teams were first-time Cup winners. The Los Angeles Kings (2012), Washington Capitals (2018), St. Louis Blues (2019) and Vegas Golden Knights (2023) all won their first Cup.
  • The best team during the regular season rarely wins the Cup. The previous time the best team during the regular season won the Cup was 2012-13 when the Blackhawks did it.
  • Lower seeds pull upsets in the postseason. The Kings are the only No. 8 seed to win the Cup (in 2012), but plenty of other low seeds advance to the Cup Final. Just last season, the Florida Panthers advanced to the Cup Final after earning the final wild-card spot in the Eastern Conference. In 2017, the Nashville Predators advanced to the Cup final as the final wild card from the Western Conference.

Stanley Cup Odds History

Its important to look at how betting odds have changed in history and what trends might be similar to this year,

Stanley Cup 57 Line Moves

The end of the 2023-2024 season saw 57 line movements leading up to the Stanley Cup. This is a good example of how dynamic and volatile betting lines for the Stanley Cup Playoffs can be. Many things impact lines, including injuries, team performance, trades, coaching style, and more. 

How have odds for previous Stanley Cup winners matched up with their performance?

Hockey is an incredibly dynamic sport, and tons of complex interactions can occur to change the trajectory of a team’s performance.  The odds for Stanley Cup winners generally perform well for the top favourites, but keep in mind this is not always the case. For example, the Vegas Knights had +1800 preseason odds of taking the cup in 2023, and went on to win their first championship. Generally, the odds are more reflective closer to the Stanley Cup Playoffs.

Stanley Cup Odds for Local Teams

Stanley Cup FAQ

The Carolina Hurricanes have the best odds to win the Stanley Cup at +650 according to DraftKings sportsbook.

The Vegas Golden Knights won the Stanley Cup in 2023 in a 4-1 series win over the Florida Panthers. Taking only five games, this was the franchise's first championship after entering the league as an expansion team in June 2016.

There are four rounds, each best-of-seven games. What does that mean? To win a series, a team has to win four games. The Stanley Cup Finals start in early June. While it is only a best of 7 series, with the off days, the Finals can last as long as two full weeks.

The Montreal Canadiens are the team that has been crowned Stanley Cup champions the most. The franchise has won the Cup 24 times.

The Toronto Maple Leafs have gone 56 years without winning the Stanley Cup. They last won it in 1967.

The Stanley Cup is named after the former Canadian governor-general, Frederick Arthur Stanley. From 1884-86, he had the moniker of "Lord Stanley of Preston" in the Canadian-British colonies, and in 1892 he bequeathed a trophy to the country's best amateur hockey club. In 1909, it was awarded to professional teams in Canada and, in 1909 as part of the new National Hockey League, it was formally named the Stanley Cup.

All the major sportsbooks have well-run sites to bet on the Stanley Cup Futures.

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Editorial Staff

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